National income is the sum of factor incomes accruing to which of the following options?

Residents

National Income is the sum of the factor incomes accruing to the "Residents" of the country.

Normal resident of a country is said to be a person who fulfils the following 2 conditions:

1. Has stayed in the country for more than a year
2. Individual should carry out the basic economic activities of spending, earnings and accumulation in that country.